Your Lincoln penny could be worth $2,900: the exact ‘variety’ details to look

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There are specific reasons why a CERTAIN penny is worth much more than its initial value of one cent.

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Collectors are constantly searching for particular varieties of certain coins.

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A variety is something that has the same issuance date but differs from the original strike in some way.

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On July 15, 2022, TikTok influencer Treasuretown found a penny that sold for $2,880.

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One of the varieties with that date is the penny, which is known as the 1971 1C Doubled Die Obverse.

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The influencer claimed: "I personally found [a variety coin], but only on a 1936 coin worth up to about $100

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In essence, the seven has what appears to be a bar if you look at it closely. It almost seems like the letter is splitting.

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The term "double die" refers to an error where letters and numbers are duplicated.

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When the penny is struck and punched in the wrong places, a mistake known as the double die results.

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The influencer explained, "All of a sudden, many coins will be struck with those dies, so it becomes a recognisable pattern that collectors look for.

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The influencer explained, "All of a sudden, many coins will be struck with those dies, so it becomes a recognisable pattern that collectors look for.

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